Archives For: reverse mortgages
Bills Proposed to Protect Reverse-Mortgage Borrowers
DS News published an article discussing several bills introduced by New York lawmakers that aim to increase protections put in place for reverse-mortgage borrowers during the foreclosure process.
29 Aug 2016
FHA: HECM Reasonable Diligence Timeframe Extensions
On April 30, the Federal Housing Administration (FHA) issued a memo announcing the immediate rescinding of Mortgage Letter 2015-03 (option of delayed foreclosure proceedings for non-borrowing spouses.)
5 May 2015
FHA Announces Reverse Mortgage Foreclosure Alternative
On March 16, DS News released an article titled Consumer Advocates Concerned Over Non-Borrowing Spouses Facing Foreclosure.
19 Mar 2015